Silver futures surged on import duty hike rumours, creating an unprecedented premium. The issue highlights risks of information leakage and the need for swift regulatory ...

The court set aside reassessment proceedings after finding doubt over valid service of notices. Failure to ensure proper communication denied the assessee a fair ...

The tribunal held that penalty under Section 270A cannot be levied where the assessee voluntarily withdrew the education cess claim after a retrospective amendment. A bona fide claim made on ...

The notification exempts specified grant and interest income from tax. The benefit is conditional on non-commercial activities and proper return ...

Unauthorised documents claiming official guidance are being circulated among professionals and auditees. The advisory clarifies these communications are false, have no legal standing, and must not be ...

The Supreme Court held that a trade restriction cannot bind importers unless published in the Official Gazette. Website uploads or internal circulation do not give a notification legal ...

The decision underscores that ignoring audited disclosures, ledgers, and salary records violates principles of natural justice. Once actual payment is proved, gratuity deduction must be ...

The notification exempts specified non-commercial e-governance income such as government grants, service charges, and consultancy receipts from tax. The key takeaway is that exemption applies only if ...

The Tribunal held that once the assessee proves identity, genuineness, and source through documents and bank records, the burden shifts to the Revenue. Without rebuttal of evidence, addition under ...

Failure to attach the EGM notice and explanatory statement in statutory filings was held to violate Rule 13(d). The key takeaway is that procedural lapses attract penalties even where shareholder ...

The tribunal held that suspicion, abnormal price rise, or third-party reports are insufficient to deny LTCG exemption. Revenue must establish direct involvement of the taxpayer in price ...

A consultation paper proposes expanding sustainable finance rules in GIFT IFSC. It introduces sustainable deposits and stronger governance for green lending and ...